REGISTERED NUMBER: SC346285 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KEY TECHNICAL SERVICES (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G Haining

D Haining

SECRETARY:

REGISTERED OFFICE:

17 Tintock Place

Dullator

Glasgow

G68 0AD

REGISTERED NUMBER:

SC346285 (Scotland)

ACCOUNTANTS:

Portlands

The Alhambra Suite

82 Mitchell Street

Glasgow

G1 3NA

FIXED ASSETS

Tangible assets

4

466,177

333,913

CURRENT ASSETS

Debtors

5

1,561,764

1,108,380

Cash at bank and in hand

1,909,123

2,260,289

3,470,887

3,368,669

CREDITORS

Amounts falling due within one year

6

(1,915,649

)

(1,731,275

)

NET CURRENT ASSETS

1,555,238

1,637,394

TOTAL ASSETS LESS CURRENT LIABILITIES

2,021,415

1,971,307

CREDITORS

Amounts falling due after more than one year

7

(144,872

)

(81,862

)

NET ASSETS

1,876,543

1,889,445

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

1,876,443

1,889,345

SHAREHOLDERS' FUNDS

1,876,543

1,889,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

G Haining - Director

1.	STATUTORY INFORMATION

Key Technical Services (UK) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

546,264

Additions

288,380

Disposals

(74,786

)

At 31 December 2024

759,858

DEPRECIATION

At 1 January 2024

212,351

Charge for year

117,826

Eliminated on disposal

(36,496

)

At 31 December 2024

293,681

NET BOOK VALUE

At 31 December 2024

466,177

At 31 December 2023

333,913

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

114,063

DEPRECIATION

At 1 January 2024

22,813

Charge for year

18,249

At 31 December 2024

41,062

NET BOOK VALUE

At 31 December 2024

73,001

At 31 December 2023

91,250

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,420,048

969,664

Other debtors

141,716

138,716

1,561,764

1,108,380

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

31,127

22,845

Trade creditors

320,035

282,292

Taxation and social security

406,396

313,890

Other creditors

1,158,091

1,112,248

1,915,649

1,731,275

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

144,872

81,862

8.	RELATED PARTY TRANSACTION

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

G Haining

Balance outstanding at start of year

-

57,274

Amounts repaid

-

(57,274

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-